Categories: Payroll, Policy & Regulation,
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IRS Plans to Add Line to 2013 Form 941 for Reporting Additional Medicare Tax on High Earners

According to the  APA (American Payroll Association) the IRS plans to add a new line to the 2013 Form 941 for reporting the employee portion of Medicare tax withheld on wages over $200,000. Under the Patient Protection and Affordable Care Act, the Medicare tax rate is due to increase .9% (for employees only) on wages earned over $200,000, effective in 2013.

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